The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The US dollar gained a bit during the course of the day on Friday, as it continues to fight its way higher against the Japanese yen overall. The AUD/USD pair fell a bit during the course of the day on Friday, as we continue to meander just above the 0.72 level in general.
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Check out the USD/JPY Forex signal for Monday, May 30, 2016 here.
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Get the GBP/USD Forex signal for May 30, 2016 here.
Get the EUR/USD Forex signal for May 30, 2016 here.
Gold prices settled at $1211.64 an ounce on Friday, suffering a loss of 3.26% on the week and 6.16% over the month.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices ended Thursday's session down $4.36, to settle at $1219.66 an ounce as investors focused on positive economic data backed the case for the Federal Reserve to continue raising interest rates this year.
The EUR/USD pair rose during the course of the day on Thursday, testing the 1.1250 level for resistance. The GBP/USD pair went back and forth during the course of the session on Thursday, as it shows quite a bit of hesitation to continue to go higher.
The WTI Crude Oil market initially tried to rally during the day on Thursday but found the $50 level be far too resistive to continue going higher. Natural gas markets exploded to the upside during the day on Thursday, gaining roughly 10%.